Apple stock registered one of its biggest daily declines in a year as investors took in the latest in a series of downgrades of the tech company. Strategists at Barclays, led by Tim Long, changed their rating to Underweight from Equal Weight, with a price target at $160, roughly 14%…

Oil prices fell on Tuesday after marking a surge amid news that Iran-supported Houthi rebels sent a warship into the Red Sea. Brent crude, the international standard, fell 1.5% to $75.89 a barrel Tuesday, after rising nearly 3% earlier in the day. West Texas Intermediate (WTI), the U.S. benchmark, fell…

The stocks of firms that buy stocks had good December quarters. That made up for their lousy showing in the early part of the year and let them finish 2023 with returns that averaged about half the 24% gain of the S&P 500 index. After their fourth quarter rally, many…

About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was previously a deputy director in the International Monetary Fund’s Policy Development and Review Department and the chief emerging market economic strategist at Salomon Smith Barney. In gauging the economic outlook, there is always a wall of…

The last were first on the first trading day of 2024. Value stocks started the year with a flourish while growth stocks, particularly those in the tech sector, were in the red as investors reversed their preferences from 2023. The S&P 500 index was off 0.6% at 4,742 Tuesday but…

In the summer of 1992, a then sprightly 68-year-old Charlie Munger was impressed by some financial paperwork done for him by a business acquaintance. Who actually did the work, Munger asked?Turns out it was a 52-year-old German émigré, Doerthe Obert (her first name is pronounced “Dorothy”). As it so happened,…

This story has been updated to remove an incorrect reference to the FMX cash and futures trading platform. BGC Group Inc.’s stock BGC, +2.03% rose 2.7% in premarket trading on Friday after the financial technology company said its business “performed strongly” during the fourth quarter. BGC said it now expects…

Shares of cruise operators were among the worst performers in the S&P 500 SPX, -0.56% to start 2024, after posting record yearly gains in 2023. Norwegian Cruise Line Holdings Ltd.’s stock NCLH, -0.99% fell 6.8% to lead the S&P 500’s losers, as it headed for a three-week closing low. The…

JPMorgan Chase & Co.’s stock JPM, -0.63% is currently trading at $171.81, up about 1%. If the gains hold through the market close, the stock will hit a new all-time high for the first time since October 2021, according to Dow Jones Market Data. To set a record, the stock…

The semiconductor sector suffered a unanimous selloff to start 2024, the day after posting the best yearly gain in 20 years. The VanEck Semiconductor ETF SMH, -0.35% slumped 3.4% in Tuesday trading, with all 25 equity components trading lower. The ETF had run up 72.3% in 2023, the best year…